- Published: 11 January 2012
- Written by Editor
Tajiri Reports High Grade Lead-Zinc, Silver Up to 8593.5 g/t, Gold to 8.20 g/t and Identifies Five Polymetallic Soil Anomalies at Its Inca Property
Tajiri Resources Corp. ("Tajiri or the Company") (TSX VENTURE:TAJ) is pleased to announce receipt of results for its multi-element and precious metal analyses generated from its Phase 1 exploration program on its Inca silver-lead-zinc (Ag-Pb-Zn) property located in the Mayo Mining District, Yukon Territory.
The Company began its Phase 1 exploration program immediately upon TSX Venture exchange approval announced on August 29, 2011. The soil and rock sampling, in conjunction with geological mapping and prospecting was conducted to explore the principal structural trends of known anomalous Ag-Pb-Zn-Cu-Au-As-Sb metal values associated with galena, siderite and quartz veins on the property.
A total of two hundred and fourteen (214) soil samples and sixty-six (66) rock samples were collected from bedrock outcrops, float and surface trenches, the latter both fresh from the pit face and from mineralization stockpiled from the historical work. Samples included high grade galena and sphalerite-rich mineralization, generally associated with siderite and/or quartz. Sampling from the pit faces confirmed the high grade Pb-Zn content reported from the historical samples and analysis of the stockpiled samples, and also the Au-Ag-As association in INCA 10, noted for the highest gold values identified on the property. The base metal ratios exhibited considerable variation from Pb-rich to Zn-rich, and Ag content generally parallels Pb values.
The rock assays and geochemical analyses were highly anomalous with values up to 8,593.50 g/t silver (Ag), up to 8.202 g/t gold (Au), to 80.27% lead (Pb) up, up to 19.9% zinc (Zn), copper (Cu) up to 7405 ppm. These results generally exceed the reported values in the 1980's.
Significant results are tabulated below:
Sample
# Au g/t Ag g/t Pb % Zn % Zn ppm As ppm Cu ppm Sb ppm
----------------------------------------------------------------------------
30501 0.17 8593.5 47.57 5737 683.9 6308.9 9153.45
30504 0.246 129.6 3.98 19.9 greater 247.4 88.6 131.8
than 10000
30511 8.202 1065.5 4.81 512 greater 622.1 1082.42
than 10000
30512 2.642 227.3 0.489 385 greater 612.4 427.19
than 10000
30513 0.721 2093.8 0.718 7.53 greater 5349 7087.9 2943.12
than 10000
30516 1.051 848.3 9.14 7.07 greater greater 1306.5 944.57
than 10000 than 10000
30517 0.113 2361.2 9.54 8520 174.6 3151.5 3406.41
30520 0.023 82.44 2.37 17.56 greater 56.4 512 88.42
than 10000
30524 2.411 848.6 12.00 1047 greater 265.8 1033.87
than 10000
30525 0.036 2286.9 10.13 3581 26 257.4 2338.36
30526 0.048 2219.5 12.08 1.71 greater 206.5 884.8 2517.23
than 10000
30602 0.057 3920.7 14.73 759 85.5 1089.1 4319.93
30605 0.112 4985.7 10.57 1021 129 2084.3 3933
30606 0.064 4689.5 9.07 456 49.1 930.3 4896.18
30608 0.05 5713.2 9.38 21 38 1101.8 3820.85
30618 1.018 187.4 7.02 1.27 greater 10.5 208 greater
than 10000 than 10000
30623 0.486 3889.9 10.85 2061 428.7 4293.6 5625.11
30624 0.419 1632.2 1.85 2238 1234.3 2908.7 3522.67
30636 0.027 3439 11.12 1.56 greater 370.8 7405.6 greater
than 10000 than 10000
30638 0.018 3783.1 80.27 1.91 greater 255.7 6415 greater
than 10000 than 10000
30639 0.013 605.1 11.93 4.87 greater 82.4 384.4 863.39
than 10000
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The initial surface sampling program comprised B horizon soils collected adjacent to known trails and following several topographic contours transecting the general E-W striking, metasedimentary units and peripheral to the known Inca surface pits, several historical geochemical anomalies and prospecting occurrences. The samples were located on and surrounding the BUCK1-6 claim group, in part on the forty-four (44) newly staked claims announced in the news release dated October 13, 2011.
The soil geochemical analyses provided encouraging results with elevated levels of silver (Ag) up to 51.5 ppm, gold (Au) up to 341.5 ppb, lead (Pb) up to 6,552 ppm, zinc (Zn) up to 1,698 ppm, copper (Cu) up to 378.9 ppm and arsenic (As) to greater than 10,000 ppm. The soil anomalies occur in five areas over a strike of up to 2.4 kilometres and a width of up to 800 metres that intersects two pits and runs parallel to major NE lineaments associated with iron carbonate (siderite) and westerly-dipping Au-Ag-As-Pb-Zn mineralization identified in the INCA 10 pit. The results confirm the requirement for further exploration between and extending east and south from the known bulk sampling pits.
Tajiri Resources President Albert (Rick) Timcke commented, "The high values from these analyses confirm the high historic silver and lead values discussed in the NI 43-101 technical report and point to more mineralization that was previously unknown on the property. The Company is now looking forward to an aggressive exploration program during the 2012 field season which will expand on these results and take us to a drilling stage. We expect to begin as soon as permits are in place and the weather permits."
Tajiri Resources is well funded and plans to resume exploration on the Inca property in early 2012. Work will focus on target generation, and definition of structural features, alteration, geochemical zoning and mineralization to identify priority locations for the initial campaign of trenching and core drilling during the 2012 season.
Greg Davidson, M.Sc., P.Geo., was in charge of the early portion of Phase 1 exploration and has reviewed and approved the technical information within this news release. Greg Davidson, M.Sc., P.Geo, is a qualified person as defined in NI 43-101.
About Tajiri Resources Corp.
Tajiri Resources Corp, is a Canadian junior exploration company with a 100% interest in 92 claims comprising the Inca property, a high grade silver-lead-zinc exploration property located in the Mayo Mining District, Yukon Territory, Canada. The Company also holds an 80% interest in the Gateau uranium and rare earth group of claims in the Otish Basin of Quebec. The Company has recently signed a joint venture with Arrowhead Resources to acquire up to 51% working interest in the hard rock mining rights to the Kaburi Gold Property, Omai Mining District, Guyana, SA. The Company is awaiting completion of a NI43-101 property report on the Kaburi Gold Property.
On Behalf of the Board,
Tajiri Resources Corp.
Albert (Rick) Timcke, President
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Tajiri Resources Corp.
Albert (Rick) Timcke
President
604-642-0115 or Toll Free Toll Free 866-345-0115
604-642-0116 (FAX)
